The Italian corrugated paper and paperboard market has seen several fluctuations over the past decade. The market value, expressed in billions of Euros, shows a consistent growth from 2013 to 2017, followed by a slight decline in 2018 and 2019. A more significant drop occurred in 2020, likely influenced by the global pandemic. However, the market rebounded strongly in 2021, reaching a peak value, with moderate declines in 2022 and a slight increase in 2023. Standing at €9.6971 billion in 2023, the market is forecasted to continue its growth, with values expected to reach €10.743 billion by 2028.
Key year-on-year variations indicate:
- 2013: 6.21%
- 2014: 1.05%
- 2015: 4.29%
- 2016: 2.76%
- 2017: 4.99%
- 2018: -1.86%
- 2019: -0.31%
- 2020: -9.67%
- 2021: 27.49%
- 2022: -4.57%
- 2023: 2.27%
The five-year CAGR from 2019 to 2023 stands at 2.3%, while the projected five-year CAGR from 2024 to 2028 is 1.63%, suggesting an average annual growth rate of 8.4% over this period.
Future trends to watch for include the impact of sustainability initiatives and the increasing demand for eco-friendly packaging solutions. Additionally, technological advancements in production processes and materials will play a crucial role in driving market growth.
